Loans and the Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Loans Outstanding by Category

Loans outstanding are detailed by category as follows:

	March 31, 2023		December 31, 2022
	(dollars in thousands)
Residential mortgage
Mortgages - fixed rate	$	898,022	$	902,968
Mortgages - adjustable rate		694,771		703,958
Construction		32,349		35,299
Deferred costs, net of unearned fees		6,609		6,613
Total residential mortgages		1,631,751		1,648,838
Commercial mortgage
Mortgages - non-owner occupied		1,618,068		1,592,732
Mortgages - owner occupied		182,274		183,591
Construction		103,546		135,782
Deferred costs, net of unearned fees		2,130		2,318
Total commercial mortgages		1,906,018		1,914,423
Home equity
Home equity - lines of credit		99,254		108,961
Home equity - term loans		2,189		2,098
Deferred costs, net of unearned fees		272		292
Total home equity		101,715		111,351
Commercial and industrial
Commercial and industrial		342,331		349,026
Paycheck Protection Program loans		936		1,384
Unearned fees, net of deferred costs		419		240
Total commercial and industrial		343,686		350,650
Consumer
Secured		33,332		35,679
Unsecured		1,553		1,897
Deferred costs, net of unearned fees		27		18
Total consumer		34,912		37,594
Total loans	$	4,018,082	$	4,062,856

Non-performing Loans Disaggregated by Loan Category

The following tables set forth information regarding non-performing loans disaggregated by loan category:

	March 31, 2023
	Residential Mortgage		Commercial Mortgage		Home Equity		Commercial and Industrial		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	6,444	$	305	$	391	$	122	$	7,262
Total	$	6,444	$	305	$	391	$	122	$	7,262

	December 31, 2022
	Residential Mortgage		Commercial Mortgage		Home Equity		Commercial and Industrial		Total
	(dollars in thousands)
Non-performing loans:
Non-accrual loans	$	4,733	$	311	$	722	$	73	$	5,839
Troubled debt restructurings		622						81	$	703
Total	$	5,355	$	311	$	722	$	154	$	6,542

Loans Receivable Disaggregated by Credit Quality Indicator

The following tables contain period-end balances of loans receivable disaggregated by credit quality indicator:

	Credit Quality Indicator - by Origination Year as of March 31, 2023
	2023		2022		2021		2020		2019		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Residential Mortgage:
Current	$	9,324	$	320,381	$	500,035	$	271,806	$	106,535	$	417,226	$	—	$	1,625,307
Non-performing		—		—		203		1,280		4,961		—		—		6,444
Total	$	9,324	$	320,381	$	500,238	$	273,086	$	111,496	$	417,226	$	—	$	1,631,751
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Home equity:
Current	$	1,211	$	1,281	$	—	$	453	$	1,662	$	24,120	$	72,597	$	101,324
Non-performing		—		—		—		—		49		342		—		391
Total	$	1,211	$	1,281	$	—	$	453	$	1,711	$	24,462	$	72,597	$	101,715
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Current	$	2,538	$	12,367	$	6,815	$	2,904	$	336	$	9,396	$	556	$	34,912
Non-performing		—		—		—		—		—		—		—		—
Total	$	2,538	$	12,367	$	6,815	$	2,904	$	336	$	9,396	$	556	$	34,912
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	3	$	—	$	3

	Credit Quality Indicator - by Origination Year as of March 31, 2023
	2023		2022		2021		2020		2019		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Commercial Mortgage:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	13,330	$	423,525	$	339,029	$	218,625	$	251,236	$	583,054	$	—	$	1,828,799
7 (Special Mention)		1,854		—		—		2,522		45,091		27,446		—		76,913
8 (Substandard)		—		—		—		—		—		306		—		306
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	15,184	$	423,525	$	339,029	$	221,147	$	296,327	$	610,806	$	—	$	1,906,018
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and Industrial:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	15,426	$	128,416	$	54,174	$	65,575	$	25,706	$	50,450	$	498	$	340,245
7 (Special Mention)		30		—		180		115		212		126		10		673
8 (Substandard)		—		—		—		607		2,006		155		—		2,768
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	15,456	$	128,416	$	54,354	$	66,297	$	27,924	$	50,731	$	508	$	343,686
Current-period gross writeoffs	$	—	$	—	$	—	$	—	$	—	$	11	$	—	$	11

	Credit Quality Indicator - by Origination Year as of December 31, 2022
	2022		2021		2020		2019		2018		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Residential Mortgage:
Current	$	314,599	$	511,217	$	276,698	$	113,251	$	77,620	$	350,098	$	—	$	1,643,483
Non-performing		—		—		206		315		684		4,150		—		5,355
Total	$	314,599	$	511,217	$	276,904	$	113,566	$	78,304	$	354,248	$	—	$	1,648,838
Home equity:
Current	$	3,611	$	—	$	—	$	58	$	360	$	481	$	106,119	$	110,629
Non-performing		—		—		—		—		—		—		722		722
Total	$	3,611	$	—	$	—	$	58	$	360	$	481	$	106,841	$	111,351
Consumer:
Current	$	13,214	$	8,482	$	5,353	$	444	$	2,078	$	7,424	$	599	$	37,594
Non-performing		—		—		—		—		—		—		—		—
Total	$	13,214	$	8,482	$	5,353	$	444	$	2,078	$	7,424	$	599	$	37,594

	Credit Quality Indicator - by Origination Year as of December 31, 2022
	2022		2021		2020		2019		2018		Prior		Revolving loans amortized cost basis		Total
	(dollars in thousands)
Commercial Mortgage:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	411,927	$	330,593	$	222,073	$	260,588	$	125,398	$	489,564	$	—	$	1,840,143
7 (Special Mention)		—		—		4,562		41,578		21,697		6,132		—		73,969
8 (Substandard)		—		—		—		—		—		311		—		311
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	411,927	$	330,593	$	226,635	$	302,166	$	147,095	$	496,007	$	—	$	1,914,423
Commercial and Industrial:
Credit risk profile by internally    assigned grade:
1-6 (Pass)	$	128,301	$	67,727	$	62,025	$	28,557	$	18,794	$	36,836	$	475	$	342,715
7 (Special Mention)		—		4,211		130		161		407		121		10		5,040
8 (Substandard)		—		—		628		2,102		81		84		—		2,895
9 (Doubtful)		—		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—		—
Total	$	128,301	$	71,938	$	62,783	$	30,820	$	19,282	$	37,041	$	485	$	350,650

Schedule of Loans Receivable Disaggregated by Past Due Status

The following tables contain period-end balances of loans receivable disaggregated by past due status:

	March 31, 2023
	30-59 Days		60-89 Days		90 Days or greater		Total Past Due		Current Loans		Total
	(dollars in thousands)
Residential mortgage	$	7,188	$	1,210	$	2,493	$	10,891	$	1,620,860	$	1,631,751
Commercial mortgage		5,790		—		—		5,790		1,900,228		1,906,018
Home equity		641		212		127		980		100,735		101,715
Commercial and industrial		624		24		—		648		343,038		343,686
Consumer		82		4		—		86		34,826		34,912
Total	$	14,325	$	1,450	$	2,620	$	18,395	$	3,999,687	$	4,018,082

	December 31, 2022
	30-59 Days		60-89 Days		90 Days or Greater		Total Past Due		Current Loans		Total
	(dollars in thousands)
Residential mortgage	$	11,359	$	1,454	$	1,809	$	14,622	$	1,634,216	$	1,648,838
Commercial mortgage		—		—		—		—		1,914,423		1,914,423
Home equity		962		393		214		1,569		109,782		111,351
Commercial and industrial		65		269		—		334		350,316		350,650
Consumer		81		—		—		81		37,513		37,594
Total	$	12,467	$	2,116	$	2,023	$	16,606	$	4,046,250	$	4,062,856

Summary of Changes in Allowance for Credit Losses Disaggregated by Loan Category

The following tables present changes in the allowance for credit losses disaggregated by loan category:

	Three Months Ended March 31, 2023
	Residential Mortgage			Commercial Mortgage		Home Equity			Commercial & Industrial			Consumer			Unfunded Commitments			Total
	(dollars in thousands)
Allowance for credit loss:
Allowance for credit losses - loan    portfolio:
Balance at December 31, 2022	$	13,321		$	19,086	$	573		$	4,153		$	641		$	—		$	37,774
Charge-offs		—			—		—			(11	)		(3	)		—			(14	)
Recoveries		—			—		—			10			10			—			20
Provision for (release of) credit    losses - loan portfolio		(157	)		510		(45	)		—			(83	)		—			225
Allowance for credit losses -    loan portfolio at March 31, 2023	$	13,164		$	19,596	$	528		$	4,152		$	565		$	—		$	38,005
Allowance for credit losses -    unfunded commitments:
Balance at December 31, 2022	$	—		$	—	$	—		$	—		$	—		$	2,096		$	2,096
Provision for (release of) credit    losses - unfunded commitments		—			—		—			—			—			(165	)		(165	)
Allowance for credit losses-    unfunded commitments at March 31, 2023	$	—		$	—	$	—		$	—		$	—		$	1,931		$	1,931
Total allowance for credit loss	$	13,164		$	19,596	$	528		$	4,152		$	565		$	1,931		$	39,936

	Three Months Ended March 31, 2022
	Residential Mortgages			Commercial Mortgages		Home Equity			Commercial & Industrial			Consumer			Unfunded Commitments			Total
	(dollars in thousands)
Allowance for credit loss:
Allowance for credit losses - loan    portfolio:
Balance at December 31, 2021	$	13,383		$	17,133	$	406		$	2,989		$	585		$	—		$	34,496
Charge-offs		—			—		—			—			(25	)		—			(25	)
Recoveries		—			—		—			36			2			—			38
Provision for (release of) credit    losses - loan portfolio		(190	)		5		(29	)		(128	)		(57	)		—			(399	)
Allowance for credit losses - loan portfolio at March 31, 2022	$	13,193		$	17,138	$	377		$	2,897		$	505		$	—		$	34,110
Allowance for credit losses -    unfunded commitments:
Balance at December 31, 2021	$	—		$	—	$	—		$	—		$	—		$	1,384		$	1,384
Release of credit losses - unfunded commitments		—			—		—			—			—			(13	)		(13	)
Allowance for credit losses-    unfunded commitments at March 31, 2022		—			—		—			—			—			1,371			1,371
Total allowance for credit loss	$	13,193		$	17,138	$	377		$	2,897		$	505		$	1,371		$	35,481